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Tag Archives: Retail

The retail sales crater hit a record 16.4% in April as corona viruses were locked and spending declined

The payment: US retail sales fell a record 16.4% in April after coronavirus locks shut down much of the economy, cost millions of jobs, and triggered an unprecedented slump in consumer spending. Retail sales fell in every category except online shopping, the government said on Friday. Revenue also fell a revised 8.3% in March, easily the worst decline in modern …

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Dow futures fell 200, retail sales slump, tensions in China

The New York Stock Exchange (NYSE) is in the financial district of Lower Manhattan during the Coronavirus Disease (COVID-19) outbreak in New York City on April 26, 2020. Jeena Moon | Reuters This is a live blog. The following is going on: 8:30 a.m .: Retail sales drop 16.4% in April According to a government report on Friday, consumer spending …

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Coronavirus is likely to have hit retail sales in the US again in April

WASHINGTON (Reuters) – US retail sales were likely to experience a record decline for a second consecutive month in April as the novel coronavirus pandemic kept Americans at home and the economy set to make its largest decline in the second quarter since the Great Depression brought. FILE PHOTO: A handful of pedestrians walk across Times Square as the streets …

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J. Crew filing for bankruptcy in Viren’s first major retail accident

J. Crew, the mass market apparel company whose preppy products were worn by Michelle Obama and featured at New York Fashion Week, filed for bankruptcy protection on Monday. It’s the first major retailer to fall during the coronavirus pandemic, although other major industrial names like Neiman Marcus and J.C. Penney is struggling with the number of mass downtimes. J. Crew …

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The New York retail property market is fluctuating

A woman wearing a face mask walks past a closed shop in Times Square on April 12, 2020 in New York City. Liao Pan | China News Service | Getty Images The coronavirus pandemic has affected the New York City retail property market. According to a new report by commercial real estate service provider CBRE, rents will drop and are …

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Coronavirus Live Updates: Retail sales show the biggest drop

The retail report shows the largest drop in sales in three decades. Retail sales declined in March as businesses closed from coast to coast and cautious buyers curtailed spending. This was by far the largest drop in the nearly three decades the government has tracked the data. Total sales, which included retail purchases in shops and on the Internet, as …

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Analysts are expecting dark US retail data: live business updates

New evidence of the economic devastation of the pandemic is due on Wednesday. Another bleak economic billing of the coronavirus pandemic is expected on Wednesday with a preliminary report on US retail sales in March. The numbers due at 8:30 a.m.East are expected to show the biggest slump in nearly three decades of records. Grocery stores, pharmacies and other sellers …

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Coronavirus saw a fall in US retail sales in March

WASHINGTON (Reuters) – US retail sales were likely to experience a record decline in March as mandatory closings to curb the spread of the novel coronavirus outbreak depressed demand for a range of goods and consumer spending was at the worst decline in decades. FILE PHOTO: Shoppers with protective masks walk through the Historic Downtown Farmers Market during the Coronavirus …

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